What has been the rationale for deregulating commercial banks’ lending rates as a policy strategy? (UPSC 1995, 20 Marks, )

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Introduction

Deregulating commercial bank's lending rates has been a policy strategy implemented by many governments around the world. This move is aimed at promoting competition, increasing efficiency, and ultimately benefiting consumers.

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Comment on the view that Monetary Policy in India is used more as a stabilisation device rather than as a development tool. (UPSC 1998, 20 Marks, )

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Introduction

Monetary policy in India is a crucial tool used by the Reserve Bank of India (RBI) to control inflation, promote economic growth, and maintain financial stability. However, there is a debate on whether monetary policy is primarily used as a stabilisation device or a development tool in the Indian context.

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